以太坊（ETH）有望在今年實施兩個重大升級，名為Pectra和Fusaka

但是，根據Binance於4月16日發布的一份研究報告，這些增強功能並不能完全解決對其令牌學的持續關注。

Two significant Ethereum (ETH) upgrades, Pectra and Fusaka, are set to be rolled out this year, but they do not fully address the persistent concerns regarding the blockchain's tokenomics, according to a research report from Binance.

根據Binance的一份研究報告，兩個重大的以太坊（ETH）升級，Pectra和Fusaka將於今年推出，但它們並未完全解決對區塊鏈的標記學的持續關注。

The upcoming upgrades promise improvements in data availability, expanded support for layer-2 chains, and enhancements to wallet functionalities. However, as the blockchain faces increasing pressure to attract and retain user interest, investors are becoming more apprehensive about the potential for value accrual, especially with some features appearing to prioritize layer-2 networks over Ethereum's own revenue generation.

即將進行的升級有望提高數據可用性，擴大對2層鏈的支持以及對錢包功能的增強。但是，隨著區塊鏈面臨著吸引和保留用戶興趣的越來越大的壓力，投資者對價值應計的潛力變得越來越擔心，尤其是某些功能似乎優先考慮了第2層網絡而不是以太坊自身的收入產生。

The Pectra upgrade, which is expected in May, will introduce additional "blobs" that enable layer-2 networks to submit more data to Ethereum, ultimately leading to lower transaction fees for users of these networks. However, this change could result in a decrease in Ethereum's income per transaction.

Pectra升級將在5月預計，將引入其他“斑點”，使第2層網絡能夠向以太坊提交更多數據，最終導致這些網絡用戶的交易費用較低。但是，這種變化可能導致以太坊每筆交易的收入減少。

"While this optimizes the efficiency of layer-2 networks, it could decrease throughput on Ethereum and lower the trading fee income generated by ETH," Binance researchers noted.

Binance研究人員指出：“儘管這優化了第2層網絡的效率，但它可能會降低以太坊上的吞吐量，並降低ETH產生的交易費用收入。”

The upcoming upgrade will also see an increase in the validator caps from 32 ETH to 2,048 ETH and modifications to wallet capabilities to improve the user experience. Although these changes are technically significant, they do not appear to benefit ETH holders directly in terms of value capture.

即將進行的升級還將看到驗證器上限從32 ETH增加到2,048 ETH，並修改了對錢包功能的修改，以改善用戶體驗。儘管這些變化在技術上是顯著的，但它們似乎並沒有直接使ETH持有人受益於價值捕獲。

"The Pectra upgrade signals a technical step forward for Ethereum, but it does not address the pressing concerns of ETH holders seeking value and returns in the face of declining network activity and rising inflation," the researchers stated.

研究人員說：“ pectra升級了以太坊的技術一步，但它並沒有解決ETH持有人尋求價值和回報的緊迫性問題，面對網絡活動的下降和通貨膨脹的不斷增長。”

Later this year, the Fusaka upgrade will bring further enhancements with an emphasis on dark sharding and the developer experience. The introduction of the Ethereum Object Format aims to simplify the creation of smart contracts, potentially leading to fewer errors and increased security.

今年晚些時候，Fusaka升級將帶來進一步的改進，重點是黑暗碎片和開發人員體驗。以太坊對象格式的引入旨在簡化智能合約的創建，可能導致錯誤和安全性提高。

"The Fusaka upgrade showcases Ethereum's commitment to becoming the foundational infrastructure for the future of Web3, aiming to place itself at the heart of a broader ecosystem," the researchers explained.

研究人員解釋說：“ Fusaka升級展示了以太坊致力於成為Web3未來的基礎基礎設施的承諾，旨在將自己置於更廣泛的生態系統的核心。”

"But as Ethereum faces growing competition and seeks to maintain its dominance, it is crucial to address the concerns of its own token holders and ensure that the value proposition of ETH continues to be attractive."

“但是，隨著以太坊面臨越來越多的競爭並試圖保持其主導地位，至關重要的是要解決自己的代幣持有人的關注，並確保ETH的價值主張繼續具有吸引力。”

Currently trading at $1,567, Ethereum has seen a decline of over 60% from its December peak of $4,106. A drop in network activity, largely attributed to the rise of layer-2 solutions, has led to decreased trading fee generation. Consequently, ETH is becoming increasingly inflationary, a factor that is striking fear among investors.

以太坊目前的交易價格為1,567美元，從12月的峰值開始下降了60％以上，為4,106美元。網絡活動的下降主要歸因於第二層解決方案的興起，導致交易費用下降。因此，ETH正在變得越來越通貨膨脹，這是投資者中令人恐懼的因素。